Yes it's very difficult to find reliable Ico
But sometimes even those that are reliable
Payments are difficult, i don't know the solution.
Topic: what if ico lie (Read 705 times)
Fortunately, I am yet to be stung by ICO's not paying out after investment, but I can understand the frustration, as I have been scammed in other ways (producing designs and not being paid).
Unfortunately, there is not really much that can be done, or at least that is my understanding, you just have to be as careful as possible and do as much due diligence as possible before investing in any ICO.
I know this might not help much, but we have all been burnt before and hopefully, it doesn't happen again.
Honestly, anyone who is smart enough to not just invest in any ICO but do proper research hardly get burnt by ICOs. One do not need soothsayers to tell someone that scammers and plenty of them are out there on the loose. You just have to take precautionary measures and not just look at the graphic designs, the English in the white paper and so on. The team is very important and how feasible the project is. Unfortunately, there is not really much that can be done, or at least that is my understanding, you just have to be as careful as possible and do as much due diligence as possible before investing in any ICO.
I know this might not help much, but we have all been burnt before and hopefully, it doesn't happen again.
investing in ico projects is a risky think but sometimes worth it. Its similar to normal start ups, most of them fail. With regard to the fact, that icos arent regulated you have the scammers in addition so its more risky than "normal" start ups.
But on the other hand, here you have the opportunity to invest in the next amazon. Choose carefully, invest a small amount and hold it for years. There will be at least one golden egg (;
But on the other hand, here you have the opportunity to invest in the next amazon. Choose carefully, invest a small amount and hold it for years. There will be at least one golden egg (;
They are going to get more sophisticated and the lies will be harder to spot. It will be impossible to 100% protect yourself but there are ways you can safeguard yourself.
Make sure they have a github and review their code, etc. If it is like a couple code snippets then run away but if the project is already well into development there is a lot better chance it will not end up vaporware. Whether the project will succeed beyond that is a whole different issue.
One of the things they are doing now is forking code bases and changing variable names, or writing a bunch of code that sounds nice but won't actually work. A programmer should be able to identify these.
I would love to see an impartial group (no shills) start doing independent code reviews and ranking ICOs based on proof of development.
Make sure they have a github and review their code, etc. If it is like a couple code snippets then run away but if the project is already well into development there is a lot better chance it will not end up vaporware. Whether the project will succeed beyond that is a whole different issue.
One of the things they are doing now is forking code bases and changing variable names, or writing a bunch of code that sounds nice but won't actually work. A programmer should be able to identify these.
I would love to see an impartial group (no shills) start doing independent code reviews and ranking ICOs based on proof of development.
i think there is not much you can do about it, only to report it and warn the others to prevent such situations in the future
If ico lie then expect that the funds of the investor is gone and their hard earn money will go to waste and if there is bounty campaign then hunters will not get pais for their work. This can be avoided if investor and hunters study well the company or make research with the teams involved.
there is nothing you can do. the only thing is inform others to spread the news
If there is ico who does not pay what will you do?
There is nothing you can do about it. You will only blame yourself for not checking the ICO properly before being a part of it in the first place and try never to make that mistake again. It is obvious there are so many ICOs out there that would run away with investors money or end up using bounty hunters without paying them, just do your due diligence before being a part and move on if you make a mistake of joining one.Unfortunately, there is not really much that can be done, or at least that is my understanding, you just have to be as careful as possible and do as much due diligence as possible before investing in any ICO.
Yes, being careful and avoiding suspicious ICO is the only thing we can do to protect ourselves to any potential scams. But I am afraid all altcoin investors are capable of filtering out suspicious projects.
Hi 
. I propose to develop a standard (list of rules) that guarantees absolute protection of investor's funds.
BPI, Blood Pact ICO standard
. I propose to develop a standard (list of rules) that guarantees absolute protection of investor's funds.BPI, Blood Pact ICO standard
it is true that there are many scams. that is why you need to do a thorough research first. for many people ICOs are a way to obtain btc or eth. Any investment has a risk
What am I going to do? if I bounty hunter maybe I will just be silent if the investor might open the scam accusation, but it seems that it has become our risk to follow the ICO. The point is careful if you following any ICO because almost ICO is scam with sweet words. Good luck and be careful!
If there is ico who does not pay what will you do?
What do you mean if they do not pay?
ICOs do not proomise you anything. All they promise you is a set amount of tokens that you are going to get in exchange for your investment in their project. Just like any investment in anything there is a risk and that is why you do your research before investing.
If you make it out with a loss out of an ICO, either dump the coin take the loss, or wait till a pump.
I have the feeling he might be a bounty hunter and then probably did not get paid for his job. I think it all depends on the sort of project which is either a scam or he did not follow the rules or something made him not getting his pay. As far as I am concerned, the best is to move on, learn from the mistake and don't make them again. However, if he is an investor, it is pretty much simple. Move on! Every investor who gets scammed is to be blame for not doing proper research cause the handwritings are always on the walls, you just have to see them.
A lot of ICO lie and wont pay nothing it named a scam. Not to get on SCAM ICO you should do research about project and team first of all. Project must be working and promising in future, but always be risks even you follow this rules.
That would be unfortunate and also upsetting. You can be more cautious as to avoid this from happening in the first place. This can be done by careful research on that particular ICO.
Investments are risky and if we fall into the trap of a scammer or a fraudster, we need to report them and shut them down before they do the same to others.
Check the Scam Accusation Board.
Investments are risky and if we fall into the trap of a scammer or a fraudster, we need to report them and shut them down before they do the same to others.
Check the Scam Accusation Board.
If there is ico who does not pay what will you do?
There's not much you can do, just report them for scamming you on the scam accusation board and be sure that will effect that ICO negatively. 
I will be more self correcting and will certainly be a bit upset, because we help market your products very well but the results achieved is simply fraud. It is not a good thing to do, I would be much more introspection and fix my mistakes in choosing the ICO. because sometimes the problem is not a source of ICO, except ourselves. about the demo or seek justice through the forum, I think it is definitely all those who join will also do the same thing. So if there is already a which represents me better still and waiting for the continuation of the problem, when I needed then are ready to assist as fully as possible.
If there is ico who does not pay what will you do?
There are no can be done with fail ICOs projects, it is mean the investors are losing their money due to invested into scam ICOs.Should we must have made anticipating on condition ICOs doesn't pay or ICOs is failed,
due to it depend on the analysis fundamental of investors ICOs include the skills in management of risk in ICOs investment
It will gives us extra carefull when investment into the ICOs, it is more important before jump to ICOs.
You have to understand that it does not costs much to make a tokens using smart contracts. Etherium and Waves have made it super simple for people with little technical knowledge to built tokens. So yes, there are many ICO's whose intentions are just to distribute tokens by collecting our money and not build a long term project.
If it is already investment, It is a risk that must be borne. because when deciding to invest in the ICO you choose. should have been thoroughly and carefully considered. Therefore, it is advisable if your investment in ICO must use ready funds at risk of loss or loss. the step you should take is to continue looking for ways to get information about the ICO even if it is unlikely.
If there is ico who does not pay what will you do?
What do you mean if they do not pay?
ICOs do not proomise you anything. All they promise you is a set amount of tokens that you are going to get in exchange for your investment in their project. Just like any investment in anything there is a risk and that is why you do your research before investing.
If you make it out with a loss out of an ICO, either dump the coin take the loss, or wait till a pump.
Jump to: